Mason Street Advisors LLC bought a new stake in shares of Questar Corp. (NYSE:STR) during the second quarter, Holdings Channel reports. The institutional investor bought 79,987 shares of the company’s stock, valued at approximately $2,029,000.
A number of other hedge funds have also made changes to their positions in the stock. Bank of Montreal Can acquired a new stake in shares of Questar Corp. during the second quarter valued at $913,000. New York State Teachers Retirement System increased its stake in shares of Questar Corp. by 1.2% in the second quarter. New York State Teachers Retirement System now owns 314,865 shares of the company’s stock valued at $7,988,000 after buying an additional 3,800 shares during the last quarter. Oakbrook Investments LLC increased its stake in shares of Questar Corp. by 12.9% in the second quarter. Oakbrook Investments LLC now owns 9,603 shares of the company’s stock valued at $244,000 after buying an additional 1,100 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Questar Corp. by 73.6% in the second quarter. LS Investment Advisors LLC now owns 10,566 shares of the company’s stock valued at $268,000 after buying an additional 4,479 shares during the last quarter. Finally, Palo Capital Inc. acquired a new stake in shares of Questar Corp. during the second quarter valued at $396,000. 78.94% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Questar Corp. (NYSE:STR) remained flat at $25.06 during trading on Friday. The stock’s 50 day moving average is $25.10 and its 200 day moving average is $25.05. Questar Corp. has a 12 month low of $18.02 and a 12 month high of $25.38.
Separately, Jefferies Group reaffirmed a “hold” rating and set a $25.00 target price on shares of Questar Corp. in a research note on Monday, September 19th.
In related news, CFO Kevin W. Hadlock sold 4,175 shares of the business’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $25.03, for a total transaction of $104,500.25. Following the transaction, the chief financial officer now directly owns 44,658 shares in the company, valued at $1,117,789.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.42% of the company’s stock.
Questar Corp. Company Profile
Questar Corporation (Questar) is an integrated natural gas holding company. The Company, through its subsidiaries is principally engaged in three lines of business, which include Questar Gas Company (Questar Gas), which provides retail natural gas distribution in Utah, Wyoming and Idaho; Wexpro Company (Wexpro), which develops and produces natural gas from cost-of-service reserves for Questar Gas customers, and Questar Pipeline Company, which operates interstate natural gas pipelines and storage facilities in the western the United States and provides other energy services.